Missing the Forest for the Carbon? EIA Analysis of the FCPF Carbon Fund

Missing the Forest for the Carbon? EIA Analysis of the FCPF Carbon Fund

July 13, 2016

Launched in 2008, the FCPF was among the first multilateral funds to support countries in their efforts to reduce emissions from deforestation and degradation (REDD+). After eight years of financial support for REDD+ readiness, the first countries are finalizing national REDD+ strategies and seeking funding for investments to implement programs to reduce deforestation and degradation as well as the first multilateral performance based REDD+ results.

EIA's report demonstrates that there are both significant shortcomings in the approach and rules of the FCPF, as well as constrains in the ability of the FCPF to influence business as usual lending by the World Bank, or business as usual development strategies by developing countries, so that opportunities to advance forest governance have been missed, and readiness efforts have been sidelined in favor of getting Carbon Fund programs underway.

Read EIA's full report, Missing the Forest for the Carbon? A Critical Analysis of the FCPF Carbon Fund and Emissions Reductions Programs in Africa, here. The report includes four country case studies which include the Democratic Republic of the Congo, Republic of Congo, Madagascar, and Cameroon.

In 2018 the Environmental Investigation Agency continued to confront the greatest environmental threats facing the world today. The EIA team pursued, documented and exposed the activities of syndicates that threaten endangered species, damage the climate and ozone layer, and drive the trade in timber stolen from the world’s most important remaining forests.

In this fourth installment of EIA’s Raw Intelligence series, we introduce you to the company Hua Jia – one of the most emblematic timber companies in Gabon. Hua Jia officials had much to say on how they and others in the industry operate – and cheat their way to profit-laden pockets.

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What are the HFC-free Technologies?

Widespread adoption of HFC-free technologies is cost-effective, energy efficient, and climate-friendly. Read EIA’s report Putting the Freeze on HFCs for hundreds of examples of HFC-free technologies available and in use today.